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Armata Pharmaceuticals, Inc. (ARMP) Stock Fundamental Analysis & AI Rating 2026

ARMP NYSE Biological Products, (No Diagnostic Substances) WA CIK: 0000921114
Updated This Month • Analysis: Mar 20, 2026 • SEC Data: 2025-09-30
Combined AI Rating
STRONG SELL
96% Confidence
STRONG AGREEMENT
STRONG SELL
95% Conf
STRONG SELL
96% Conf

📊 ARMP Key Takeaways

Revenue: $31.0K
Net Margin: -159,680.6%
Free Cash Flow: $-19.6M
Current Ratio: 0.12x
Debt/Equity: N/A
EPS: $-1.37
AI Rating: STRONG SELL with 95% confidence
Armata Pharmaceuticals, Inc. (ARMP) receives a STRONG SELL rating with 96% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $31.0K, net profit margin of -159,680.6%, Armata Pharmaceuticals, Inc. demonstrates mixed fundamentals in the Healthcare sector. Below is our complete ARMP stock analysis for 2026.

Is Armata Pharmaceuticals, Inc. (ARMP) a Good Investment?

Claude

Armata Pharmaceuticals exhibits severe financial distress with negative stockholders' equity of -$95.6M, indicating liabilities exceed assets. The company generated only $31K in revenue while burning $19.6M in free cash flow, with a liquidity crisis evident in a 0.12x current ratio and $14.8M cash against $185.1M total liabilities. Operating losses of $22.8M on near-zero revenue demonstrate a pre-commercialization biotech firm with unsustainable burn rate and no clear path to profitability.

ChatGPT

Armata Pharmaceuticals' fundamentals are extremely weak: revenue remains negligible relative to its cost base, operating and net losses are massive, and free cash flow is deeply negative. The balance sheet is highly stressed with negative equity and very poor liquidity, so despite headline revenue growth and improved EPS, the growth quality is low and the company appears heavily dependent on external financing.

Why Buy Armata Pharmaceuticals, Inc. Stock? ARMP Key Strengths

Claude
  • + Recent revenue generation of $31K indicates initial commercialization activity, a milestone for early-stage biotech
  • + 11 insider Form 4 filings in last 90 days suggest ongoing management engagement
  • + Modest capital expenditure of $490K indicates controlled spending on infrastructure
ChatGPT
  • + Revenue grew sharply year over year, indicating some commercial or collaboration progress from a very small base
  • + Diluted EPS improved meaningfully year over year, suggesting losses per share narrowed
  • + Asset base of $89.52M provides some operational runway relative to current scale

ARMP Stock Risks: Armata Pharmaceuticals, Inc. Investment Risks

Claude
  • ! Negative stockholders' equity of -$95.6M represents technical insolvency and existential threat
  • ! Critical liquidity crisis: 0.12x current ratio with $14.8M cash insufficient to cover $185.1M liabilities
  • ! Extreme burn rate of $19.6M negative free cash flow annualized with only $31K revenue is operationally unsustainable
  • ! Operating margin of -73,583.9% demonstrates pre-revenue stage company with no near-term profitability path
  • ! Total liabilities exceed total assets by $95.6M, indicating potential dilutive financing or bankruptcy risk
ChatGPT
  • ! Negative stockholders equity and total liabilities far exceeding assets indicate severe balance sheet weakness
  • ! Current and quick ratios of 0.12x signal acute near-term liquidity pressure
  • ! Operating cash burn and free cash flow losses remain large versus cash on hand, raising funding risk

Key Metrics to Watch

Claude
  • * Cash position and runway: Monthly burn rate suggests <1 year of liquidity at current rates
  • * Revenue trajectory: Must demonstrate meaningful revenue growth beyond $31K to validate commercialization
  • * Debt restructuring/refinancing: Monitor for material liabilities management or capital raises
  • * Stockholders' equity inflection: Watch for return to positive equity through financing or operational improvement
ChatGPT
  • * Quarterly operating cash burn relative to cash and equivalents
  • * Liquidity improvement through current ratio, equity rebuild, and liability reduction

Armata Pharmaceuticals, Inc. (ARMP) Financial Metrics & Key Ratios

Revenue
$31.0K
Net Income
$-49.5M
EPS (Diluted)
$-1.37
Free Cash Flow
$-19.6M
Total Assets
$89.5M
Cash Position
$14.8M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

ARMP Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -73,583.9%
Net Margin -159,680.6%
ROE N/A
ROA -55.3%
FCF Margin -63,158.1%

ARMP vs Healthcare Sector: How Armata Pharmaceuticals, Inc. Compares

How Armata Pharmaceuticals, Inc. compares to Healthcare sector averages

Net Margin
ARMP -159,680.6%
vs
Sector Avg 12.0%
ARMP Sector
ROE
ARMP 0.0%
vs
Sector Avg 15.0%
ARMP Sector
Current Ratio
ARMP 0.1x
vs
Sector Avg 2.0x
ARMP Sector
Debt/Equity
ARMP 0.0x
vs
Sector Avg 0.6x
ARMP Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Armata Pharmaceuticals, Inc. Stock Overvalued? ARMP Valuation Analysis 2026

Based on fundamental analysis, Armata Pharmaceuticals, Inc. has mixed fundamental signals relative to the Healthcare sector in 2026.

Return on Equity
N/A
Sector avg: 15%
Net Profit Margin
-159,680.6%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
N/A
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Armata Pharmaceuticals, Inc. Balance Sheet: ARMP Debt, Cash & Liquidity

Current Ratio
0.12x
Quick Ratio
0.12x
Debt/Equity
N/A
Debt/Assets
206.8%
Interest Coverage
-5.03x
Long-term Debt
N/A

ARMP Revenue & Earnings Growth: 5-Year Financial Trend

ARMP 5-year financial data: Year 2014: Revenue $409.0K, Net Income N/A, EPS N/A.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Armata Pharmaceuticals, Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $-0.89 indicates the company is currently unprofitable.

ARMP Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-63,158.1%
Free cash flow / Revenue

ARMP Quarterly Earnings & Performance

Quarterly financial performance data for Armata Pharmaceuticals, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q2 2020 $31.0K -$4.2M $-0.26
Q1 2015 $102.0K -$11.3M N/A
Q3 2014 -$3.0K $19.3M $0.06
Q2 2014 $310.0K $3.4M $0.01
Q1 2014 N/A -$1.6M N/A

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Armata Pharmaceuticals, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$19.1M
Cash generated from operations
Capital Expenditures
$490.0K
Investment in assets
Dividends Paid
$80.0K
Returned to shareholders

ARMP SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Armata Pharmaceuticals, Inc. (CIK: 0000921114)

📋 Recent SEC Filings

Date Form Document Action
Apr 2, 2026 8-K tm2610924d1_8k.htm View →
Mar 25, 2026 10-K armp-20251231x10k.htm View →
Mar 25, 2026 8-K armp-20260325x8k.htm View →
Mar 19, 2026 8-K tm269341d1_8k.htm View →
Mar 17, 2026 4 xslF345X05/tm269075-2_4seq1.xml View →

Frequently Asked Questions about ARMP

What is the AI rating for ARMP?

Armata Pharmaceuticals, Inc. (ARMP) has a Combined AI Rating of STRONG SELL from Claude (STRONG SELL) and ChatGPT (STRONG SELL) with 96% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are ARMP's key strengths?

Claude: Recent revenue generation of $31K indicates initial commercialization activity, a milestone for early-stage biotech. 11 insider Form 4 filings in last 90 days suggest ongoing management engagement. ChatGPT: Revenue grew sharply year over year, indicating some commercial or collaboration progress from a very small base. Diluted EPS improved meaningfully year over year, suggesting losses per share narrowed.

What are the risks of investing in ARMP?

Claude: Negative stockholders' equity of -$95.6M represents technical insolvency and existential threat. Critical liquidity crisis: 0.12x current ratio with $14.8M cash insufficient to cover $185.1M liabilities. ChatGPT: Negative stockholders equity and total liabilities far exceeding assets indicate severe balance sheet weakness. Current and quick ratios of 0.12x signal acute near-term liquidity pressure.

What is ARMP's revenue and growth?

Armata Pharmaceuticals, Inc. reported revenue of $31.0K.

Does ARMP pay dividends?

Armata Pharmaceuticals, Inc. pays dividends, with $0.1M distributed to shareholders in the trailing twelve months.

Where can I find ARMP SEC filings?

Official SEC filings for Armata Pharmaceuticals, Inc. (CIK: 0000921114) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is ARMP's EPS?

Armata Pharmaceuticals, Inc. has a diluted EPS of $-1.37.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is ARMP a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Armata Pharmaceuticals, Inc. has a STRONG SELL rating with 96% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is ARMP stock overvalued or undervalued?

Valuation metrics for ARMP: ROE of N/A (sector avg: 15%), net margin of -159,680.6% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy ARMP stock in 2026?

Our dual AI analysis gives Armata Pharmaceuticals, Inc. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is ARMP's free cash flow?

Armata Pharmaceuticals, Inc.'s operating cash flow is $-19.1M, with capital expenditures of $490.0K. FCF margin is -63,158.1%.

How does ARMP compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin -159,680.6% (avg: 12%), ROE N/A (avg: 15%), current ratio 0.12 (avg: 2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 20, 2026 | Data as of: 2025-09-30 | Powered by Claude AI